Noor Inc. is considering two mutually exclusive projects. Both require an initial investment of $80,000. Project A will last for 6 years and has expected net future cash flows of $40,222 per year. Project B will last for 5 years and has expected net future cash flows of $44,967 per year. The cost of capital for both projects is 12 percent.

1. Calculate the NPV for each project.
2. Calculate the IRR for each project.
3. Graph the NPV profile of the projects as a function of the discount rate.
4. Which project should Noor take?